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18 Questions

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Entrepreneurship Traits Quiz

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Questions and Answers

What is one way business opportunities may arise for entrepreneurs?

Lack of commitment

Inexperience in the industry

Changes in the environment (correct)

Negative customer feedback

Which of the following traits is directly related to interest according to the text?

Persistence

Seeking customer satisfaction

Taking repeated actions to overcome obstacles

Lack of commitment (correct)

In entrepreneurship, what does persistent behavior lead to?

Career fulfillment (correct)

Lack of commitment

Competitive risk

Technology risk

Which of the following statements characterizes a highly committed entrepreneur?

Accepts full responsibility for what has been promised to customers Signup and view all the answers

What is the foundation of commitment according to the text?

Persistent behavior Signup and view all the answers

How do changes in technology contribute to new business opportunities?

They advance business opportunities through innovation Signup and view all the answers

What type of risk are entrepreneurs taking on when they launch a business?

Competitive risk Signup and view all the answers

What type of risk do entrepreneurs face related to new technologies when launching a business?

Technological risk Signup and view all the answers

Which aspect of entrepreneurship can provide a sense of purpose according to the text?

Career Fulfillment Signup and view all the answers

How can entrepreneurs eventually achieve a better work-life balance according to the text?

As the business grows, entrepreneurs gain more control over their time Signup and view all the answers

What is one potential risk related to money that entrepreneurs may face in the technological aspect of business?

Having to invest heavily in technology Signup and view all the answers

What risk do entrepreneurs take on when launching a business that involves the chance of not gaining market share?

Competitive risk Signup and view all the answers

What character trait distinguishes an entrepreneur from the owner of an ordinary small business?

Risk-taking Signup and view all the answers

Which cluster of entrepreneurial characteristics includes traits related to the desire to be an achiever in entrepreneurship?

Achievement Cluster Signup and view all the answers

What is one of the character traits associated with the Achievement Cluster in entrepreneurship?

Opportunity-seeking Signup and view all the answers

Which of the following traits is NOT part of the Achievement Cluster for entrepreneurs?

Risk-aversion Signup and view all the answers

In entrepreneurship, what distinguishes an opportunity-seeker entrepreneur?

Risk-taking behavior Signup and view all the answers

Which of the following is a key aspect of an entrepreneurial character trait in terms of work-life balance?

Balancing work and personal life effectively Signup and view all the answers